NORTH WESTERN AND NORTH WALES SEA FISHERIES COMMITTEE
OFFICER’S REPORT
FINANCIAL REPORT as at 31st DECEMBER 2005
Report by the Finance/Admin. Officer
Purpose of Report
To provide Members with an up to date summary of the Committee’s financial situation.
Recommendation
That the report be received.
1. Financial Year 2005-2006
1.1 The report for the first nine months of the current financial year is attached (see Annex A). Expenditure is basically in line with expectations.
1.2 The majority of the Committee’s funds are invested with Lancashire County Council – the current rate of 4.55% per annum is very competitive compared with those offered by banks or other acceptable institutions (see Annex B).
JOHN DAVIES
Finance/Admin. Officer
11th January 2006
LOCAL GOVERNMENT (ACCESS TO INFORMATION) ACT, 1985
List of Background Papers
There are no background papers to this report.
| ANNEX A | ||||
|
NORTH WESTERN AND NORTH WALES SEA FISHERIES COMMITTEE |
||||
|
FINANCIAL REPORT…..01.04.05 TO 31.12.05 |
||||
|
Year to Date |
Year to Date |
Better (+) or |
Revised |
|
|
Actual |
Budget |
Worse (-) |
Annual |
|
|
than Budget |
Budget |
|||
|
EXPENDITURE ON SERVICES |
||||
|
Employees |
344,609 |
363,033 |
18,424 |
498,013 |
|
Premises |
25,094 |
25,488 |
394 |
31,847 |
|
Transport |
73,270 |
72,770 |
-500 |
97,203 |
|
Supplies/Services |
23,136 |
25,952 |
2,816 |
41,171 |
|
Support Services |
3,009 |
3,009 |
0 |
10,500 |
|
Corporate/Democratic Core |
32,556 |
31,751 |
-805 |
45,934 |
|
Total Expenditure |
501,674 |
522,003 |
20,329 |
724,668 |
|
INCOME |
||||
|
Levy |
687,383 |
687,383 |
0 |
687,383 |
|
Shellfish sampling |
3,705 |
2,910 |
795 |
5,820 |
|
Interest |
19,971 |
17,488 |
2,483 |
20,000 |
|
Grants |
10,000 |
|||
|
Miscellaneous Income |
254 |
254 |
||
|
Total Income |
711,313 |
707,781 |
3,532 |
723,203 |
|
Annual Operating Surplus/ |
23,861 |
-1,465 |
||
|
Deficit (-) |
||||